Quarterly report [Sections 13 or 15(d)]

CONDENSED CONSOLIDATED BALANCE SHEETS (Unaudited)

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CONDENSED CONSOLIDATED BALANCE SHEETS (Unaudited) - USD ($)
$ in Thousands
Jun. 30, 2025
Dec. 31, 2024
CURRENT ASSETS    
Cash and cash equivalents $ 886 $ 1,389
Accounts receivable, net 2,071 2,623
Inventories, net 1,313 1,635
Prepaid expenses and other current assets 745 1,120
Total current assets 5,015 6,767
Property and equipment, net 143 46
Right of use assets 830 1,530
Investment in convertible bond 17,188 15,037
Other assets 168 222
Total assets 23,344 23,602
CURRENT LIABILITIES    
Accounts payable and accrued expenses 19,373 16,926
Operating lease liabilities, current portion 348 2,423
Conversion feature derivative, notes payable   162
Other current liabilities 14,139 16,557
Warrant derivative liabilities 13 8
Convertible notes payable, net of discount 16,804 17,014
Total current liabilities 62,076 63,555
Operating lease liabilities, less current portion 1,584 815
Other long-term liabilities 13,128 13,465
Total liabilities 79,045 80,081
Commitments and contingent liabilities (Note 11)
STOCKHOLDERS’ DEFICIT    
Preferred stock, par value $0.001 per share, 15,000,000 shares authorized, none issued or outstanding
Common stock, par value $0.001 per share, 250,000,000 shares authorized, 63,865,571 shares issued and outstanding at June 30, 2025 and December 31, 2024 64 64
Additional paid-in capital 225,905 225,896
Net loan receivable from EJ Holdings (16,869) (16,869)
Accumulated other comprehensive loss 1,239 (2,995)
Accumulated deficit (266,040) (262,575)
Total stockholders’ deficit (55,701) (56,479)
Total liabilities and stockholders' deficit 23,344 23,602
Nonrelated Party [Member]    
CURRENT LIABILITIES    
Notes payable, current portion, net of discount 8,267 7,093
Related Party [Member]    
CURRENT LIABILITIES    
Notes payable, current portion, net of discount 3,132 3,372
Notes payable, less current portion, net of discount $ 2,257 $ 2,246